What Is Eligibility For Business Loan ?

Running a business is never an easy task. One is bound to face financial hiccups during the process. Whether you are a new generation entrepreneur venturing into a new business or an established businessman planning for a business expansion, financial institutions offer the business loan to bail you out of the situation of such financial crunch. Whether its money required for an immediate official expansion or it could be the time of recession, when payments don't come on time but…
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Muthoot Fincorp Gold Loans

What is Muthoot Fincorp ? Muthoot Fincorp Limited, the flagship Company of the Muthoot Pappachan Group (MPG), is a finance company that caters to the financial needs of retail and institutional customers. We are registered with the Reserve Bank of India as a systemically important non-deposit taking non-banking finance company (NBFC) with a paid up capital of Rs crores and a Net Owned Fund of Rs crores as on At Muthoot Fincorp Limited, we are focused on providing a host…
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Facts About Home Loans

A loan is a type of debt. The borrower needs to repay the lender the sum of money loaned part by part over time in order to clear the debt. Acting as a provider of loans is one of the main tasks for financial times. For other institutions, issuing of debt contracts such as bonds is a main source of funding. Bank loans and credit are one way to increase the money supply. Home loans are loans that are taken…
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All About Car Loans Or Auto Loans

1. Who can avail of Car Loans? • Salaried individuals in the age group of 21 to 60 years (at the end of the tenure) • Self-employed individuals in the age group of 21 to 65 years (at the end of the tenure) • Partnership Firms • Public & Private Ltd. companies • HUFs and Trusts 2. Which cars can be financed? Most passenger cars and multi-utility vehicles manufactured by India's leading automobile companies. 3. How do I calculate the…
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Understanding Housing/ Home Loans

1. For what purposes can I seek a first time home loan? You can generally seek a first time home loan for buying a house or a flat, renovation, extension and repairs to your existing house. Most banks have a separate policy for those who are going for a second house. Please remember to seek specific clarifications on the above-mentioned issues from your commercial bank. 2. How will your bank decide your home loan eligibility? Your bank will assess your…
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